Can I retire at age 63 with 1,430,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$118,088$117,036$116,010$115,008$114,030$109,679
2 years$58,459$57,371$56,316$55,292$54,300$49,968
3 years$38,586$37,492$36,440$35,426$34,450$30,273
4 years$28,651$27,561$26,519$25,523$24,570$20,580
5 years$22,692$21,608$20,580$19,604$18,678$14,884
6 years$18,720$17,645$16,631$15,677$14,779$11,185
7 years$15,884$14,818$13,821$12,889$12,019$8,624
8 years$13,758$12,702$11,721$10,812$9,971$6,771
9 years$12,106$11,059$10,095$9,210$8,397$5,388
10 years$10,785$9,748$8,801$7,939$7,155$4,331
11 years$9,704$8,678$7,749$6,909$6,153$3,508
12 years$8,805$7,789$6,877$6,060$5,332$2,859
13 years$8,044$7,039$6,144$5,350$4,650$2,342
14 years$7,393$6,398$5,520$4,749$4,076$1,925
15 years$6,828$5,845$4,984$4,236$3,589$1,588
16 years$6,335$5,363$4,519$3,793$3,172$1,313
17 years$5,901$4,939$4,112$3,408$2,812$1,088
18 years$5,515$4,564$3,754$3,071$2,501$903
19 years$5,170$4,230$3,436$2,775$2,229$750
20 years$4,860$3,930$3,154$2,513$1,991$624
21 years$4,580$3,661$2,901$2,281$1,782$520
22 years$4,326$3,417$2,674$2,074$1,597$433
23 years$4,094$3,196$2,469$1,889$1,434$361
24 years$3,882$2,995$2,283$1,723$1,289$302
25 years$3,687$2,810$2,114$1,573$1,159$252
26 years$3,507$2,641$1,961$1,438$1,044$210
27 years$3,341$2,486$1,821$1,317$942$176
28 years$3,187$2,342$1,693$1,206$850$147
29 years$3,044$2,210$1,575$1,106$767$123
30 years$2,911$2,087$1,467$1,015$693$103
31 years$2,786$1,973$1,368$932$627$86
32 years$2,670$1,867$1,276$857$567$72
33 years$2,561$1,768$1,192$788$513$60
34 years$2,458$1,675$1,114$725$465$50
35 years$2,362$1,589$1,041$667$421$42
36 years$2,271$1,508$974$615$381$35
37 years$2,185$1,432$912$566$346$29
38 years$2,104$1,361$854$522$313$25
39 years$2,028$1,295$800$481$284$21
40 years$1,955$1,232$750$444$258$17
41 years$1,886$1,172$703$410$234$14
42 years$1,821$1,117$659$378$212$12
43 years$1,758$1,064$619$349$192$10
44 years$1,699$1,014$581$322$175$8
45 years$1,643$967$545$298$159$7
46 years$1,589$922$512$275$144$6
47 years$1,537$880$481$254$131$5
48 years$1,488$840$452$235$119$4
49 years$1,441$803$425$217$108$3
50 years$1,396$767$400$200$98$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,430,000, adding $3,163 every year, while hoping to spend $54,576 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 37/45/18 Blend
62$1,430,000$1,430,000$1,430,000$1,430,000
63$1,579,123$1,503,333$1,481,168$1,628,847
64$1,682,125$1,518,927$1,472,718$1,680,671
65$1,793,804$1,533,457$1,462,157$1,731,222
66$1,914,987$1,546,812$1,449,355$1,784,680
67$2,046,586$1,558,876$1,434,177$1,841,337
68$2,189,599$1,569,522$1,416,484$1,901,516
69$2,345,130$1,578,620$1,396,128$1,965,576
70$2,514,388$1,586,028$1,372,953$2,033,915
71$2,698,707$1,591,595$1,346,799$2,106,977
72$2,899,555$1,595,162$1,317,496$2,185,253
73$3,118,544$1,596,560$1,284,867$2,269,288
74$3,357,453$1,595,609$1,248,727$2,359,687
75$3,618,236$1,592,116$1,208,882$2,457,122
76$3,903,045$1,585,880$1,165,129$2,562,337
77$4,214,252$1,576,684$1,117,257$2,676,156
78$4,554,464$1,564,300$1,065,044$2,799,495
79$4,926,554$1,548,485$1,008,257$2,933,368
80$5,333,685$1,528,983$946,656$3,078,897
81$5,779,338$1,505,521$879,987$3,237,328
82$6,267,349$1,477,810$807,985$3,410,038
83$6,801,941$1,445,545$730,374$3,598,554
84$7,387,764$1,408,401$646,867$3,804,566
85$8,029,939$1,366,036$557,160$4,029,944
86$8,734,108$1,318,087$460,940$4,276,758
87$9,506,483$1,264,169$357,877$4,547,300
88$10,353,907$1,203,877$247,630$4,844,104
89$11,283,919$1,136,779$129,838$5,169,974
90$12,304,819$1,062,423$4,129$5,528,012
91$13,425,755$980,325$0$5,921,647
92$14,656,801$889,980$0$6,379,644
93$16,009,053$790,848$0$6,883,692
94$17,494,740$682,362$0$7,437,715
95$19,127,328$563,923$0$8,046,920
96$20,921,657$434,896$0$8,717,057
97$22,894,072$294,612$0$9,454,475
98$25,062,583$142,364$0$10,266,184
99$27,447,032$0$0$11,159,919
100$30,069,279$0$0$12,155,410